TD Securities Boosts Intact Financial (IFC) Price Target to C$120.00

Intact Financial (TSE:IFC) had its price objective lifted by TD Securities from C$115.00 to C$120.00 in a report released on Wednesday morning. They currently have a buy rating on the stock.

Several other equities research analysts have also recently commented on IFC. Barclays dropped their target price on Intact Financial from C$110.00 to C$106.00 in a report on Friday, July 20th. Desjardins raised Intact Financial from a sell rating to a hold rating and boosted their target price for the stock from C$100.00 to C$102.00 in a report on Wednesday, August 1st. National Bank Financial boosted their target price on Intact Financial from C$100.00 to C$103.00 and gave the stock a sector perform rating in a report on Wednesday, August 1st. Raymond James boosted their target price on Intact Financial from C$107.00 to C$109.00 and gave the stock an outperform rating in a report on Wednesday, August 1st. Finally, BMO Capital Markets boosted their target price on Intact Financial from C$114.00 to C$117.00 in a report on Thursday, August 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Intact Financial has a consensus rating of Buy and a consensus price target of C$111.40.

Shares of TSE IFC traded down C$0.34 during midday trading on Wednesday, hitting C$103.75. 370,128 shares of the company’s stock were exchanged, compared to its average volume of 228,186. Intact Financial has a twelve month low of C$91.65 and a twelve month high of C$109.33.

In other Intact Financial news, insider Lucie Martel sold 1,430 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of C$105.14, for a total value of C$150,350.20. Insiders sold 1,630 shares of company stock worth $170,954 in the last ninety days.

About Intact Financial

Intact Financial Corporation, through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada and the United States. It offers personal auto insurance; and insurance for motor homes, recreational vehicles, motorcycles, snowmobiles, and all-terrain vehicles.

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